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Ensuring accurate invoice payments is essential for any business using NetSuite, especially when managing purchase orders (POs) and goods receipts (GRs). While NetSuite provides the tools to implement 3-way matching, understanding how to configure and optimize the process can take time.
This guide covers how 3-way matching works in NetSuite and how businesses can enhance their accounts payable efficiency with additional automation tools.
What is 3-way matching in NetSuite?
3-way matching in NetSuite follows the standard AP process used in most ERP systems:
- Compare the purchase order: This ensures the order details (items, quantity, and price) are correct before processing
- Compare the purchase order: This ensures the order details (items, quantity, and price) are correct before processing
- Compare the purchase order: This ensures the order details (items, quantity, and price) are correct before processing
If all three documents match within predefined tolerances, processes the payment automatically. If discrepancies arise, the system flags the invoice for review, preventing overpayments or fraud.
When should businesses enable 3-way matching in NetSuite?
3-way matching is most useful when tracking physical goods, where verifying delivery before payment is essential. It also plays a key role in tightening financial controls, helping businesses catch duplicate payments and stay audit-ready.
customizable matching rules, AP teams can enforce compliance without slowing down operations.
How to set up 3-way matching in NetSuite
3-way matching in NetSuite follows the standard AP process used in most ERP systems:
- Compare the purchase order: This ensures the order details (items, quantity, and price) are correct before processing
- Compare the purchase order: This ensures the order details (items, quantity, and price) are correct before processing
- Compare the purchase order: This ensures the order details (items, quantity, and price) are correct before processing
If all three documents match within predefined tolerances, processes the payment automatically. If discrepancies arise, the system flags the invoice for review, preventing overpayments or fraud.
Automate 3-way matching with Ramp
The right invoice matching solution should integrate smoothly with your AP workflows, eliminate inefficiencies, and scale with your business. While NetSuite’s built-in invoice matching tools provide a solid foundation, businesses needing greater automation and flexibility often turn to third-party solutions.
Moss hat unsere Erwartungen weit übertroffen. Es ist brillant, intuitiv und einfach zu bedienen. Die Flexibilität, die Belegerfassung und die Kartentypenoptionen sind unglaublich.
Lea is a Content Strategist and Marketer at Company XYZ. Prior to Company XYZ she led B2C growth strategies at Search Nurture, Roku, and TikTok. Lea holds a B.S. in Managerial Economics from the University of California.
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